Definition of economic in English:

economic

adjective

  • 1Relating to economics or the economy:

    ‘the government's economic policy’
    • ‘As a result, the government's purely economic reforms lacked boldness after this dramatic overture.’
    • ‘It represents the Union's first effort to develop a common policy in a major economic sphere.’
    • ‘At present, the United States is the dominant world economic and technological power.’
    • ‘There is no question that economic sanctions contributed to this result, but at what price?’
    • ‘High-tech industries threatened to leave California, thus jeopardizing the state's new economic prosperity.’
    • ‘Getting the public finances back into balance must be a key objective of economic policy.’
    • ‘Moreover, the political situation, worsened by great economic hardship, remained extremely tense.’
    • ‘Even given Japan's overall economic recovery, investing in real estate remains a gamble.’
    • ‘They are often viewed as agents responsible for the changing world economic, political, and social order.’
    • ‘Negotiations have been complicated by court rulings over economic policy.’
    • ‘Talk of new economic policies and tangible tax cuts are welcome - and perhaps overdue.’
    • ‘Thus we can expect economic down cycles caused by oil shortages and higher prices to happen very fast.’
    • ‘We learned that economic sanctions over a long period of time and patient diplomacy can work.’
    • ‘The potential scenarios are endless, but all are economic in nature.’
    • ‘Productivity levels of the skilled and educated labour force are still high despite the current economic down turn.’
    • ‘Argentina has been crippled for months by the worst economic crisis in its history.’
    • ‘The world is in a great economic crisis.’
    • ‘There are different views about the importance of regulating global economic processes.’
    • ‘The two political leaders conduct their argument on the margins of economic policy.’
    • ‘We should remember that economic downturns, accounting irregularities and even geopolitical issues are nothing new.’
    1. 1.1 (of a subject) considered in relation to trade, industry, and the creation of wealth:
      ‘economic history’
      • ‘Economics and lessons from economic history suggest that this may well be the case.’
      • ‘This book can be used with profit to grasp the essentials of British financial and economic history in these years.’
      • ‘Ethnic relations in Saint Lucia are a product of the economic history of the island.’
      financial, monetary, pecuniary, budgetary, fiscal, commercial, trade, mercantile
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  • 2Justified in terms of profitability:

    ‘many organizations must become larger if they are to remain economic’
    • ‘The recipe of conditions that will make collaboration economic must have not yet come together.’
    • ‘It is, of course, part of the problem that we do not have an economic immigration policy.’
    profitable, profit-making, moneymaking, money-spinning, lucrative, remunerative, financially rewarding, fruitful, gainful, productive
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    1. 2.1 Requiring fewer resources or costing less money:
      ‘solar power may provide a more economic solution’
      • ‘Many car parks are going because high land prices make building flats more economic.’
      cost-effective, effective, efficient, energy-efficient, fuel-efficient, energy-saving, fuel-saving, worthwhile, valuable, advantageous, cheap, inexpensive, low-cost, low-price, low-budget, budget, economy, reasonable, reasonably priced, cut-price
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Origin

Late Middle English: via Old French and Latin from Greek oikonomikos, from oikonomia (see economy). Originally a noun, the word denoted household management or a person skilled in this, hence the early sense of the adjective (late 16th century) ‘relating to household management’. Modern senses date from the mid 19th century.

Pronunciation:

economic

/ˌiːkəˈnɒmɪk/